Biodiesel Tax Incentive Reform and Extension Act of 2016
Official title: To amend the Internal Revenue Code of 1986 to modify the incentives for biodiesel.
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Referred to the House Committee on Ways and Means.
Biodiesel Tax Incentive Reform and Extension Act of 2016
This bill amends the Internal Revenue Code to modify and extend: (1) the income tax credit for biodiesel and renewable diesel used as fuel, and (2) the excise tax credit for biodiesel fuel mixtures.
The bill: (1) makes the credits available to domestic producers of the fuels rather than the policy under current law of providing a mixture credit to the blender of the fuel, (2) increases the income tax credit for certain small biodiesel producers, and (3) extends the credits through 2019.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 5240: Biodiesel Tax Incentive Reform and Extension Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5240/
"H.R. 5240: Biodiesel Tax Incentive Reform and Extension Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5240/.
H.R. 5240, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5240/.
[H.R. 5240: Biodiesel Tax Incentive Reform and Extension Act of 2016](https://openamerica.io/bill/114-HR-5240/)